It was identified that in the 2008 Beijing Olympics over 50% of gold medalists from the UK were educated at private schools. Considering that only 7% of the UK population is educated at private schools, this means a disporportionate number of privatley educated students are representing the UK in the OLympics. Over 30% of UK Olympians were educated privately, as was 40% of all UK medalists. This trend is particularly marked in sports such as equestrian in which every medalist was privatley educated.

The reason for this difference is the emphasis the private school place on sport by devoting more time to sporting activities and often hiring top class coaches. To address this imbalance steps are being taken to encourage students from state education to engage in sport. A program was launched to identify and develop teenagers from comprehensive scholls in the sport of rowing.

1414. Which one of the following statements is not definitely true?

(a) 93 percent of the UK population do not attend private school

(b) The majority of UK medalists were privately educated

(c) Private schools devote more time to sports

(d) Every equestrian medalist was privately educated

Among the latest groups bothering the financial service industry of recent times are their very own shareholders. Executive pay in the financial services industry have publically generated controversy for many years, but now the shareholders have had enough, and a rise in shareholder activism attempting to lower executive pay has been seen. This sudden dissatisfaction with executive remuneration is due to the poor financial performance of the financial service industry itself.

However despite poor financial performance and low returns to the shareholders, exuberant remuneration packages have been the norm in the financial services sector for decades, as it was believed that lowering pay will hamper performance. It seems that investors have realised that the high pay for finance executives has not improved the profitability of their respective firms, and instead has ramped up costs in a time when cost cutting is in order.

1415. Which one of the following statements is the reason for the increase in shareholdr activism in the financial service industry?

(a) Executive pay for finance executives has recently increased

(b) Public controversy has put pressure on the shareholders

(c) The revenues of financial services companies have lowered

(d) High pay has not increased profitability in financial services industry